Groupe Renault - 2020 Universal Registration Document

04

CONSOLIDATED FINANCIAL STATEMENTS FINANCIAL STATEMENTS

Changes in Nissan equity restated for the purposes of the Renault consolidation 12 - D -

December 31, 2020

December 31, 2019

2020 net income

Translation adjustment

Other changes (1)

Dividends

(¥ billion)

Shareholders’ equity – Parent company shareholders’ share under Japanese GAAP

5,051

(1,078)

-

(179)

(120)

3,674

Restatements for compliance with IFRS: Provision for pension and other long-term employee benefit obligations Capitalization of development expenses Deferred taxes and other restatements Net assets restated for compliance with IFRS Restatements for Groupe Renault requirements (2) Net assets restated for Groupe Renault requirements (€ million) Net assets restated for Groupe Renault requirements

(27) 752

(8)

- - - - - -

(1)

141

105 456

(296)

- -

-

(122) 5,654

(6)

(15)

(143) 4,092

(1,388)

(180)

6

161

26

1

22 28

210

5,815

(1,362)

(179)

4,302

47,687 43.7% 20,837

(11,373)

-

(2,526)

220

34,008 43.7% 14,860

Renault’s percentage interest

Renault’s share (before neutralization effect described below)

(4,970)

-

(1,104)

97

(974)

(974)

Neutralization of Nissan’s investment in Renault (3) Renault’s share in the net assets of Nissan

19,863 13,886 Other changes include the change in actuarial gains and losses on pension obligations, the change in the financial instrument revaluation reserve and the change in Nissan (1) treasury shares. Restatements for Renault requirements essentially correspond to revaluation of fixed assets by Renault for the acquisitions undertaken between 1999 and 2002, and (2) elimination of Nissan’s investment in Renault accounted for under the equity method. Nissan has held 44,358 thousand Renault shares in Renault since 2002, an ownership interest of about 15%. The neutralization is based on Renault’s percentage holding in (3) Nissan. Nissan net income under Japanese GAAP 12 - E - Since Nissan’s financial year ends at March 31, the Nissan net income included in the 2020 Renault consolidation is the sum of Nissan’s net income for the final quarter of its 2019 financial year and the first three quarters of its 2020 financial year. (4,970) - (1,104) 97

October to December 2020 Third quarter of Nissan’s 2020 financial year

January to December 2020

January to March 2020

April to June 2020 First quarter of Nissan’s 2020 financial year

July to September 2020

Fourth quarter of Nissan’s 2019 financial year

Second quarter of Nissan’s 2020 financial year

Reference period for Renault’s consolidated financial statements

(¥ billion)

(€ million)

(¥ billion)

(€ million)

(¥ billion)

(€ million)

(¥ billion)

(€ million)

(¥ billion)

(€ million)

Net income – parent company shareholders’ share

(711)

(5,916)

(285)

(2,414)

(44)

(358)

(38)

(303)

(1,078)

(8,991)

376 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020

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